BNY ConvergEx Group’s Eze Castle Software announces record results in 2006

BNY ConvergEx Group, a provider of agency brokerage and investment technology solutions, has announced that member company Eze Castle Software (ECS) achieved record results in 2006. In 2006, ECS signed 58 new order management system (OMS) clients and 22 new compliance clients and completed over 90 product implementations. It increased revenue by nearly 35%, continued to expand functionality across its product suite, and completed the transformational deal to form BNY ConvergEx Group. Today, ECS products are used by nearly 300 buy-side firms world-wide with 90% trading through the ECS OMS.

Fixnetix to provide low-latency Infolect data over iX-Direct

Fixnetix, a provider of European low latency market data, and the London Stock Exchange yesterday announced a distribution deal under which the exchange’s Infolect data will be delivered to customers outside its existing network via Fixnetix’ iX-Direct low-latency data service.

BlueBay Asset Management live on Charles River IMS for all asset classes

Charles River Development, a provider of front- and middle-office systems to the global investment management community, yesterday announced that BlueBay Asset Management is now trading derivatives via the Charles River Investment Management System (IMS) and has been using the system since 2005 for its fund management business totaling in excess of US$9 billion in assets under management.

Deutsche Börse signs agreement with BSE

European exchange operator and transaction services provider, Deutsche Börse, yesterday signed a definitive agreement with the Bombay Stock Exchange (BSE) to invest in a 5 percent stake for Rs 189 crore at a price of Rs 5,200 per share (USD 42.7 million), and also to explore ways of strengthening their collective competencies across a broad spectrum of business areas. The transaction puts the value of BSE of Rs 3,777 crore (USD 854 million).

Instinet names John F. Fay and Alex Goor as Co-CEOs

Instinet, the former Reuters-owned agency broker acquired recently by Japanese securities house Nomura, has promoted John F. Fay and Alex Goor to co-CEO. Fay and Goor, previously co-presidents of the firm, succeed Edward J. Nicoll, who remains as chairman.

Paul Haddock of LSE and Stuart Rutherford of Merrill Lynch join PLUS Markets Group

UK small cap trading platform PLUS Markets Group says Paul Haddock will join the company in May 2007 as Head of Company Services, responsible for developing and working with the company's issuer and advisory customer base. His role will also include expanding the company's regulated market offering following attainment of Recognised Investment Exchange (RIE) status.